Hamilton Lane Incorporated (NASDAQ:HLNE) an investment firm, is reporting second quarter earnings results on Wednesday 4th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.60 per share from $ 71.02 million in revenue.
For the full year, analysts predict revenues of $ 296.39 million, while looking forward to income of $ 1.77 per share.
Previous Quarter Performance
Hamilton Lane Incorporated posted income for the first quarter of $ 0.13 per share, from the revenue of $ 69.74 million. The quarterly earnings contracted 71.11 percent compared with the same quarter last year. Street analysts expected Hamilton Lane Incorporated to report income of $ 0.26 per share on revenue of $ 69.28 million for the first quarter. The bottom line results missed street analysts by $ 0.13 or 50 percent, at the same time, top line results outshined analysts by $ 0.46 million or 0.66 percent.
Stock Performance
Shares of Hamilton Lane Incorporated traded up $ 2.50 or 3.53 percent on Tuesday, reaching $ 73.32 with volume of 194.70 thousand shares. Hamilton Lane Incorporated has traded high as $ 73.67 and has cracked $ 71.03 on the downward trend
According to the previous trading day, closing price of $ 73.32, representing a 95.26 % increase from the 52 week low of $ 36.27 and a 7.19 % decrease over the 52 week high of $ 76.31.
The company has a market capital of $ 3.87 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.3125 per share on August 4, 2020. The dividend were payable on October 6, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Hamilton Lane Incorporated will be hosting a conference call at 11:00 AM eastern time on 4th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hamiltonlane.com
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions. For direct investments, the firm invests in mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies.
